Upon receipt of the 400 machines, OLB may have Whole of 1,000 Antminer S19j Professional cryptocurrency machines working in two amenities in Bradford, PA
NEW YORK, January 13, 2022–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB), a diversified eCommerce service provider companies supplier and Bitcoin mining enterprise, introduced immediately that DMint, Inc., an entirely owned subsidiary of OLB (“DMint”), expects to take supply of the primary of 4 hundred (400) further Antminer S19j PRO Bitcoin mining machines this month. The order was paid for upfront in November 2021.
DMint believes will probably be in a position to generate roughly $1 million in elevated month-to-month income (assuming a mean Bitcoin value of $42,000) as soon as all 1,000 mining machines are deployed and absolutely working.
“Upon supply of all of the machines, these 400 Antminer will convey our whole cryptocurrency mining machine rely to 1,000. We count on to be periodically ordering further machines on an ongoing foundation,” mentioned Ronny Yakov, Chairman and CEO of the OLB Group.
OLB supplies retailers with omnicommerce companies together with modern crypto commerce capabilities, eCommerce, back-office operations, and cost acceptance on-line, in retailer, and on cellular units. Retailers using OLB’s OmniSoft Enterprise Administration platform can transact with prospects by way of digital wallets, cryptocurrency wallets, and conventional card-based cost. OLB expects to leverage DMint’s mining operations to energy expanded crypto commerce companies together with financing, lending, and fundraising for its retailers and different small and medium sized companies.
Retailers fascinated with implementing crypto commerce or omnicommerce companies can arrange an OmniSoft account at https://cardaccept.com/#contact. For extra details about The OLB Group, please go to www.olb.com or www.olb.com/investors-data.
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DMint, Inc., an entirely owned subsidiary of The OLB Group, Inc., is engaged in Bitcoin mining. As a vertically built-in mining firm, DMint makes use of proprietary vitality reserves to energy the most recent Antminer S19j Professional mining computer systems, enabling them to mine Bitcoin and different cryptocurrencies at a decrease value that their rivals. DMint plans to extend whole mining capability to 24,000 mining computer systems over the subsequent 24 months to construct out capability to attain 2.4 exahash per second.
About The OLB Group, Inc.
The OLB Group, Inc. (NASDAQ: OLB) is a diversified Fintech eCommerce service provider companies supplier and Bitcoin crypto mining enterprise. The Firm’s eCommerce platform delivers cloud-based service provider companies for web-based and bricks-and mortar firms for a seamless, complete digital commerce answer that features web site creation, internet hosting, customer support, outbound advertising, gross sales reporting, transaction processing, order achievement and cost facilitator providing crypto cost choices. OLBit.com, an entirely owned subsidiary of OLB Group, has utilized for a license to start buying and selling and accepting crypto forex for retailers. For extra details about options, companies, or to discover a reseller, please go to www.olb.com. Investor data is out there at www.olb.com/investors-data.
Secure Harbor Assertion
All statements from The OLB Group, Inc. on this information launch that aren’t based mostly on historic truth are “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995 and the provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements embrace, however will not be restricted to, statements regarding the impression of COVID-19 on our operations and monetary situation, our capacity to efficiently develop our Bitcoin mining capability with current vitality assets, our capacity to implement our proprietary service provider boarding and CRM system and to roll out our Omni Commerce and SecurePay functions, together with cost strategies, to our present retailers and the mixing of our safe cost gateway with our crowdfunding platform, our capacity to efficiently launch a cryptocurrency mining operation and our capacity to earn income from the brand new operations. Whereas the Firm’s administration has based mostly any forward-looking statements contained herein on its present expectations, the knowledge on which such expectations have been based mostly could change. These forward-looking statements depend on a variety of assumptions regarding future occasions and are topic to a variety of dangers, uncertainties, and different components, a lot of that are outdoors of our management, that would trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different components embrace statements relating to the anticipated income and revenue for operations to be generated by The OLB Group, Inc. For different components which will trigger our precise outcomes to vary from these which might be anticipated, see the knowledge below the caption “Danger Elements” within the Firm’s most up-to-date Type 10-Ok and 10-Q filings, and amendments thereto, in addition to different public filings with the SEC since such date. The Firm operates in a quickly altering and aggressive setting, and new dangers could come up. Accordingly, traders shouldn’t place any reliance on forward-looking statements as a prediction of precise outcomes. The Firm disclaims any intention to, and undertakes no obligation to, replace or revise any forward-looking assertion.
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The OLB Group – Investor Relations
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